Cambodia to revise deal with KrisEnergy, paving way for first oil production
Singapore
CAMBODIA will sign a revised production sharing contract this month with Singapore-listed explorer KrisEnergy to develop an offshore field that could finally produce the country's first oil after years of delays, a government official said.
Cambodia is revising some fiscal terms in the 2002 contract for the Cambodia Block A field in the Khmer Basin, after KrisEnergy Ltd became the sole stakeholder last year. The government and the company declined to elaborate on the changes. "There will be an agreement signed in March," Meng Saktheara, a secretary of state …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
General Motors beats quarterly results targets, raises forecast
Soilbuild bags contracts worth S$81 million
Spotify’s monthly user numbers miss estimates on lower promotions
China bubble-tea chain Chabaidao plunges on Hong Kong debut
Singapore stocks extend gains on Tuesday led by banks; STI up 1.5%
Adobe to bring full AI image generation to Photoshop this year